6. This Act does not apply to the following instruments:1° a warrant or subscription right;
2° an investment contract within the meaning of the second paragraph of section 1 of the Securities Act (chapter V-1.1); 3° an insurance or annuity contract issued by an insurer authorized under the Insurers Act (chapter A-32.1) or by a legal person authorized under an Act of a legislative authority other than Québec to carry on insurer activities elsewhere in Canada; 4° an option or other non-traded derivative whose value is derived from, referenced to or based on the value or market price of a security, granted as compensation or as payment for a good or service; and
5° any other instrument specified by regulation.